Wells Fargo & Company Boosts Amazon.com (AMZN) Price Target to $1,525.00

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by research analysts at Wells Fargo & Company to $1,525.00 in a report issued on Friday. The brokerage currently has an “outperform” rating on the e-commerce giant’s stock. Wells Fargo & Company’s price target indicates a potential upside of 31.20% from the company’s current price. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued research reports about the company. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price objective for the company in a research report on Wednesday. J P Morgan Chase & Co reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday. SunTrust Banks reiterated a “buy” rating and issued a $1,190.00 price objective on shares of Amazon.com in a research report on Monday, October 2nd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research report on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,207.37.

Amazon.com (NASDAQ AMZN) traded down $14.40 during trading on Friday, hitting $1,162.35. The stock had a trading volume of 4,105,495 shares, compared to its average volume of 3,574,487. Amazon.com has a twelve month low of $736.70 and a twelve month high of $1,213.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The stock has a market capitalization of $560,100.00, a PE ratio of 302.94, a PEG ratio of 14.95 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter last year, the company earned $0.52 EPS. Amazon.com’s revenue for the quarter was up 33.7% compared to the same quarter last year. sell-side analysts expect that Amazon.com will post 4.24 EPS for the current fiscal year.

In other news, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total value of $612,690.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tom A. Alberg sold 835 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares in the company, valued at $20,583,692.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 399,538 shares of company stock worth $441,142,749. Company insiders own 17.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AMZN. Vestor Capital LLC raised its holdings in shares of Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the period. Whitnell & Co. raised its holdings in shares of Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 93 shares during the period. WealthTrust Arizona LLC raised its holdings in shares of Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $116,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $121,000. Institutional investors own 59.70% of the company’s stock.

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Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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